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Thursday, 3 September 2009

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News: Govt nets Rs 100m ...        Political: Students Union system under UNP caused conflicts - Minister ...       Business: NAMAL and Acuity partners to launch Rs. 1 billion IPO ...        Sports: Kiwis stun Sri Lanka despite Dilshan scare ...

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Twenty million units on offer:

NAMAL and Acuity partners to launch Rs. 1 billion IPO

National Asset Management Limited (NAMAL) and Acuity Partners will launch the Initial Public Offering (IPO) of the NAMAL Acuity Value Fund to the value of Rs 1 billion. This will be the first closed ended Unit Trust to be listed on the Colombo Stock Exchange (CSE), CEO NAMAL S. Jeyavarman told a media briefing at the HNB Towers yesterday.

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Private placement and public share issue:

Seylan Bank shareholders give green light

The shareholders of Seylan Bank PLC at an Extraordinary General Meeting yesterday unanimously approved the proposed private placement of shares and public issue of share at Rs. 35 per share.

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HNB strengthens rural economy

Joins CIC and Hayleys PLC:

The Hatton National Bank (HNB) has selected two major corporate partners, Chemical Industries (Colombo) PLC (CIC) and Hayleys PLC to build and strengthen new linkages with rural communities helping develop the rural economy of Sri Lanka.

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ASC Permanent Secretariat set up in Sri Lanka:

Lanka poised to become Asia's maritime hub

The setting up of the Permanent Secretariat of the Asian Shippers' Council (ASC) in Sri Lanka will have an immense impact on the maritime activities of Sri Lanka making it the maritime hub in the Asian region, said Asian Shippers' Council, Secretary General, Rohan Masakorala.

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CEO, Acuity Partners, Ray Abeywardena, CEO, NAMAL S. Jeyavarman and Vice President Acuity Partners Nalin Karunatileka at the media briefing. Picture by Sumanachandra Ariyawansa



 
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